Perry, Oklahoma Property Taxes
The median property tax rate in Perry, OK is 0.93%, slightly below both the national median of 0.99% and the Oklahoma state median of 0.97%. With the median home value in Perry at $78,183, the typical annual property tax bill amounts to $644, which is considerably lower than the national median of $2,690. Property taxes in Perry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Perry's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Perry or another part of Noble County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perry, Oklahoma Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$727
-$7,620
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Noble County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Perry, Oklahoma
Property taxes in Perry, Oklahoma, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perry is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perry estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Perry's effective property tax rate to other counties in Oklahoma and the national median. For comparison, the zip code 73077 has both the highest and lowest median property tax rate of 0.93%. Understanding how these cities compare with Perry provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perry Tax Rate
0.93%
Average Noble County Tax Rate
0.91%
Average Oklahoma Tax Rate
0.97%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73077 | 0.52% | 0.72% | 0.93% | 1.10% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Oklahoma
In Perry, Oklahoma, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Noble County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Perry, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Perry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Perry is $644, both found in the zip code 73077.
Average Perry Assessed Value
$78,183
Average Noble County Assessed Value
$78,656
Average Oklahoma Assessed Value
$137,280
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73077 | $16,399 | $38,012 | $78,183 | $137,626 | $216,962 |
Source: Ownwell
Property Tax Bills Across Perry, Oklahoma
In Perry, located in Noble County, OK, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Perry is $78,183, and the property tax rate applied is reflective of local government requirements. The tax bill can vary significantly, with the 25th percentile at $297 and the 75th percentile reaching up to $1,245. For those in the 90th percentile, tax bills can climb to $2,046. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners should be aware that these taxes fund essential services such as public schools, infrastructure, and emergency services. Comparatively, Perry's property tax rate is competitive, especially when considering the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Perry Tax Bill
$644
Average Noble County Tax Bill
$666
Average Oklahoma Tax Bill
$1,269
Average United States Tax Bill
$2,690
Property Tax Bills Across Perry, Oklahoma
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 73077 | $135 | $297 | $644 | $1,245 | $2,046 |
Source: Ownwell